Zensar Technologies soared 5.32% to Rs 144.55 at 11:11 IST on BSE on reports the firm is looking for acquisitions in Europe and hopes to seal a deal by end-this fiscal.
The stock hit a high of Rs 151 and a low of Rs 142.70 so far during the day. The stock had a 52-week high of Rs 249 on 28 August 2007 and a 52-week low of Rs 88 on 24 March 2008.
The small-cap software developer has an equity capital of Rs 23.96 crore. Face value per share is Rs 10.
The current price of Rs 144.55 discounts its Q1 June 2008 annualised EPS of Rs 32.56, by a PE multiple of 4.43.
According to reports, the company has short-listed around six to seven companies in Europe. Pune-based Zensar also plans to set up a centre in Latin America and has pointed on Mexico, Chile or El Salvador as possible destinations for the centre, the reports added.
Zensar Technologies’ net profit rose 20.13% to Rs 19.51 crore on a 9.60% rise in sales to Rs 98.11 crore in Q1 June 2008 over Q4 March 2008.
Zensar Technologies develops software and it also provides IT consulting and related services. The company has expertise in key verticals of retail, manufacturing, logistics, financial services, telecom and utilities.
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